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Il Corporation Form

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Instructions and help about Il Corporation

a corporation is a type of formal business structure that is more complicated than an llc but offers benefits that llcs do not corporations are great if you are looking to raise money from venture capital or looking to list on a stock exchange corporations are also able to more efficiently carry money over between tax years with a low corporate income tax rate of 5.25 percent illinois is a lucrative place to incorporate if you are starting a business and not sure which business structure is best for you check out our other video choosing the right business structure for your business linked below there are two ways to form a corporation you can form one yourself or you can hire a service to do it for you in this video we will look at both options and help you decide how to go about forming your own corporation remember this video is not legal advice if you are unsure of whether your company should be a corporation consult with an accountant or an attorney by forming a corporation on yo

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